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Tuesday's ETF Winners & Losers

Overseas-related funds were pummeled Tuesday, after foreign markets fell overnight.

Overseas-related exchange-traded funds were among the worst performers Tuesday, as Asian indices sank overnight.

A day after finishing solidly higher, Hong Kong's Hang Seng Index fell nearly 1%, and Japan's Nikkei 2005 Index slipped 0.2%. Other indices in Thailand, Singapore and Indonesia finished lower as well.


iShares FTSE/Xinhua China 25 Index

(FXI) - Get iShares China Large-Cap ETF Report

fell $10.02, or 6.6%, to $143.05. The

SPDR S&P China

(GXC) - Get SPDR S&P China ETF Report

was losing $5.15, or 6.4%, to $75.35. The

PowerShares Golden Dragon Halter USX China

(PGJ) - Get Invesco Golden Dragon China ETF Report

was lower by $1.40, or 5.1%, to $26.39. The

iShares MSCI Singapore Index

(EWS) - Get iShares MSCI Singapore ETF Report

was sliding by 49 cents, or 3.7%, to $12.81.

Homebuilders and real estate ETFs were suffering after the latest data on the health of the housing sector. Shortly before the opening bell, the S&P/Case-Schiller Index of home prices showed a 3.2% drop during the second quarter, the biggest decrease since the index began 20 years ago. The release comes one day after a disappointing report on existing home sales and inventories sank homebuilder and real estate ETFs.


iShares Dow Jones U.S. Home Construction

(ITB) - Get iShares U.S. Home Construction ETF Report

was down 96 cents, or 4.1%, to $22.66. The

SPDR S&P Homebuilders

(XHB) - Get SPDR S&P Homebuilders ETF Report

gave back 78 cents, or 3.2%, to $23.74. The

Ultra Real Estate ProShares

(URE) - Get ProShares Ultra Real Estate Report

gave back $1.33, or 3.1%, to $41.39. The

iShares FTSE NAREIT Mortgage REITs

(REM) - Get iShares Mortgage Real Estate ETF Report

was off 66 cents, or 2.2%, to $29.59.

Financial ETFs were also under pressure after Merrill Lynch downgraded

TheStreet Recommends


(C) - Get Citigroup Inc. Report


Lehman Brothers



Bear Stearns


to neutral from buy.


Ultra Financials ProShares

(UYG) - Get ProShares Ultra Financials Report

was shedding $2.43, or 4.3%, to $54.25. The

KBW Bank

(KBE) - Get SPDR S&P Bank ETF Report

ETF was down $1.46, or 2.7%, to $52.09. The

iShares Dow Jones U.S. Broker-Dealers

(IAI) - Get iShares U.S. Broker-Dealers & Securities Exchanges ETF Report

was falling $1.17, or 2.3%, to $48.76.

On the other hand, bundled securities following U.S. Treasuries were among few winners of the day, as traders made their way out of equities and moved into bonds. The 10-year note was adding 5/32 in price, yielding 4.55%, and the 5-year bond was up 6/32, yielding 4.29%.


iShares Lehman 7-10 Year Treasury Bond

(IEF) - Get iShares 7-10 Year Treasury Bond ETF Report

tacked on 31 cents, or 0.4%, to $83.90. The

iShares Lehman 3-7 Year Treasury Bond

(IEI) - Get iShares 3-7 Year Treasury Bond ETF Report

was up 34 cents, or 0.3%, to $102.05. The

iShares Lehman 10-20 Year Treasury Bond

(TLH) - Get iShares 10-20 Year Treasury Bond ETF Report

was higher by 38 cents, or 0.4%, to $101.18.